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2008 News Releases
Along with more than 1,200 pages of information on our website, you will find our annual and quarterly reports, speeches and news releases.

December 18, 2008
Press Release

(December 18, 2008) Multi Corporation, Europe’s largest retail developer, announced that it has closed on a new Turkish retail property fund. The Multi Retail Turkey fund is a real estate development platform that consists of 21 completed, under construction or planned shopping centers throughout Turkey with a projected real estate value upon completion of € 4.3 billion that will be financed through a combination of Fund equity and bank facilities. Canada Pension Plan Investment Board is the first founding investor with an equity commitment of € 250 million. One of North America’s leading institutional real estate investors, CPPIB manages the C$117.4 billion CPP Fund and is a professional investment management organization that invests the funds not needed by the Canada Pension Plan to pay current benefits. For the full release please visit
www.multidevelopmentcorp.com/Web/europe.nsf/wwwVwContent/l2multicorporation
closes43billionturkeyretailfund.htm

November 12, 2008
CPP Fund ends second quarter at $117.4 billion

TORONTO, ON (November 12, 2008): The CPP Fund ended the second quarter of fiscal 2009 on September 30, 2008 with assets of $117.4 billion, reflecting investment returns of negative 7.5 per cent for the first six months of the fiscal year and negative 8.5 per cent for the second quarter. The Fund declined $5.3 billion in value for the fiscal year to date and $10.3 billion since the previous quarter.

October 23, 2008
Press Release

Toronto, Ontario (October 23, 2008) -- RioCan Real Estate Investment Trust and Trinity Development Group Inc. announced that they have sold a 37.5% non-managing ownership interest in East Hills, phases I and III, a development featuring approximately 115 acres in Calgary, Alberta, to CPP Investment Board. The purchase price is $28.5 million subject to holdback conditions. The East Hills development is located at the East Freeway and 17th Avenue SE. Upon completion, it is expected that the site will feature almost 1.2 million square feet of new format retail space, with substantial completion of the development to be staggered between late 2009 (phase I) and late 2012 (phase III). For the full press release, please visit
https://riocan.com/_bin/pressReleases/recent.cfm

September 5, 2008
Robert Astley Named Next Chair of CPP Investment Board

Toronto, ON (September 5, 2008) – The Canada Pension Plan Investment Board (CPPIB) is pleased to announce that Robert Astley will become the organization’s next Chair of its board of directors effective October 2008. Mr. Astley was appointed by Jim Flaherty, Federal Minister of Finance and will succeed Gail Cook-Bennett, the CPPIB’s founding chair since 1998, whose term expires in October.

August 14, 2008
CPP Fund Totals $127.7 Billion

TORONTO, ON (August 14, 2008): The CPP Fund ended the first quarter of fiscal 2009 on June 30, 2008 at $127.7 billion compared to $122.7 billion at fiscal 2008 year end. The $5.0 billion increase in assets after operating expenses this quarter consisted primarily of $1.3 billion in investment income, reflecting a 1 per cent investment rate of return for the quarter, and $3.8 billion in CPP contributions not needed to pay current pension benefits.

June 25, 2008
RIOCAN REAL ESTATE INVESTMENT TRUST TO SELL INTERESTS IN TWO DEVELOPMENTS TO CPP INVESTMENT BOARD

Toronto, Ontario (June 25, 2008) - RioCan Real Estate Investment Trust (“RioCan”) (TSX:REI.UN), Trinity Development Group Inc. (“Trinity”) and CPP Investment Board (“CPPIB”) today announced that they have entered into a firm agreement for RioCan and Trinity to sell a 50% non-managing interest in two developments to CPPIB. The transaction is expected to close by June 30, 2008.

June 23, 2008
Majority of Albertans and other western Canadians unaware that CPP was successfully reformed 10 years ago

CALGARY, AB (June 23, 2008) Ten years after the fact, two-thirds of western Canadians are still unaware that the Canada Pension Plan (CPP) has been successfully reformed and is supported by a $123 billion fund designed to help sustain the plan for the long term.

June 2, 2008
Majority of Canadians still unaware Canada Pension Plan successfully reformed 10 years ago

HALIFAX, NS (June 2, 2008) Ten years after the fact, almost two-thirds of Canadians are still unaware that the Canada Pension Plan (CPP) has been successfully reformed and is supported by a $123 billion fund designed to help sustain the plan for the long term.

May 28, 2008
Canada Pension Plan Investment Board Opens International Office in London

LONDON (May 28, 2008) – The Canada Pension Plan Investment Board (CPPIB), the professional investment management organization that invests the assets of the Canada Pension Plan, has opened an office in London, England to enable greater access to investment opportunities in the United Kingdom and Europe. This opening marks CPPIB’s second international office following Hong Kong which opened in February 2008.

May 22, 2008
CPP Fund Totals $122.7 Billion

TORONTO, ON (May 22, 2008): The CPP Fund ended the fiscal 2008 year on March 31, 2008 at $122.7 billion, an increase of $6.1 billion from $116.6 billion at the close of the previous year. This growth consisted of $6.5 billion in CPP contributions not required to pay current benefits, partially offset by an investment return of negative 0.29 per cent, representing negative $303 million.

April 11, 2008
Statement from CPP Investment Board following Government’s decision on Overseas Investment Act application

AUCKLAND, NZ (April 11, 2008): The Canada Pension Plan Investment Board (CPPIB) today said it was disappointed in the outcome of its Overseas Investment Act application, which has been declined.

April 1, 2008
Canada CPP Investment Board to invest US$200 million in Noble Environmental Power

TORONTO, ON (April 1, 2008): The Canada Pension Plan Investment Board (CPPIB), the investment management organization that invests Canada’s national pension fund assets, announced today that it has committed to invest US$200 million in Noble Environmental Power, a Connecticut-based wind energy development and energy operating company.

March 25, 2008
Canada Pension Plan Investment Board confirms final acceptance levels of acceptances, scaling and unblocking of shares not taken up in Auckland Airport offer

AUCKLAND, NZ (25 March 2008): The Canada Pension Plan Investment Board (CPPIB) today confirmed the final levels of acceptances into its partial offer for 39.53% of the fully paid ordinary shares (Offer) in Auckland International Airport Limited (AIAL) not already owned or controlled by CPPIB.

March 14, 2008
Canada Pension Plan Investment Board confirms successful response from Auckland International Airport shareholders

AUCKLAND, NZ (14 March 2008): The Canada Pension Plan Investment Board (CPPIB) today announced that its partial offer for 39.2% of the fully paid ordinary shares in Auckland International Airport Limited (AIAL) has met the required levels of approvals and acceptances.

March 10, 2008
MTS ALLSTREAM, CPP INVESTMENT BOARD AND BLACKSTONE FORM CONSORTIUM TO PURSUE NATIONAL WIRELESS INITIATIVE

TORONTO, March 10, 2008 – Manitoba Telecom Services Inc. (“MTS Allstream”), the Canada Pension Plan Investment Board (“CPPIB”) and The Blackstone Group L.P. (“Blackstone”) announced today that they have formed a consortium to make a deposit and submit an application to bid as a new entrant in the upcoming Advanced Wireless Services (“AWS”) spectrum auction.

March 10, 2008
CPP Investment Board will further reduce voting rights in response to new government regulation

AUCKLAND, NZ (10 March 2008): The Canada Pension Plan Investment Board (CPPIB) today announced that it will further restrict its ability to vote its shares of Auckland International Airport Limited (AIAL), if its partial takeover offer is successful.

March 5, 2008
U.S. Congress examines Canada’s national pension model in exploring policy responses to Sovereign Wealth Funds

WASHINGTON (March 5, 2008): Appearing before two Congressional Subcommittees in Washington, D.C. today, David Denison, President and CEO of the Canada Pension Plan Investment Board (CPPIB) invited U.S. policy makers to examine the structural characteristics and maximum-strength governance model that distinguish the CPPIB from Sovereign Wealth Funds.

March 4, 2008
Announcement by CPP Investment Board in relation to Overseas Investment Act announcement

AUCKLAND, NZ (4 March 2008): The Canada Pension Plan Investment Board (CPPIB) confirms that it is continuing with its partial takeover offer for shares in Auckland International Airport Limited (AIAL) following the Government’s announcement last night that it had introduced a new regulation under the Overseas Investment Act.

February 26, 2008
Canada Pension Plan Investment Board Opens First International Office in Hong Kong

HONG KONG (February 26, 2008) – The Canada Pension Plan Investment Board, the investment management organization that invests the reserve fund assets of the Canada Pension Plan, has opened an office in Hong Kong to focus on investment opportunities in Asia. This new office reflects the organization’s strategy to diversify the portfolio globally. The Hong Kong office is the first international office for the CPP Investment Board.

February 26, 2008
CPP Investment Board and Ontario Teachers’ Pension Plan invest US$400 million in Chinese private equity fund

HONG KONG (February 26, 2008): The Canada Pension Plan Investment Board, the investment management organization that invests the reserve fund assets of the Canada Pension Plan, and Teachers’ Private Capital, the private investment arm of the Ontario Teachers’ Pension Plan, announced today they are investing US$200 million each in FountainVest, a newly-established private equity fund focused on investing in private enterprises in China.

February 21, 2008
Response from CPP Investment Board to Auckland International Airport announcement regarding interim dividend

AUCKLAND, NZ (21 February 2008): The Canada Pension Plan Investment Board (CPPIB) confirms it has consented to the payment by Auckland International Airport of a fully imputed interim dividend of 5.75 cents per share.

February 13, 2008
CPP Investment Board encourages Canada’s 200 largest public companies to improve disclosure on climate related risks

TORONTO, ON (February 13, 2008): The CPP Investment Board is encouraging Canada’s largest companies to disclose more information on the business risks and opportunities they face as a result of climate change by responding to the Carbon Disclosure Project’s (CDP) questionnaire.

February 6, 2008
CPP Fund totals $119.4 billion

TORONTO, ON (February 6, 2008): The CPP Fund reported assets of $119.4 billion for the third quarter ended December 31, 2007, compared to $121.3 billion at the end of the previous quarter.

January 28, 2008
CPP Investment Board acquires stake in Edmonton office tower

TORONTO, ON (January 28, 2008): The CPP Investment Board has acquired a 40 per cent interest in Scotia Place, a 600,000-square-foot Class A office tower located in downtown Edmonton. Morguard Real Estate Investment Trust, which previously held a 100 per cent stake in the building, will retain a 20 per cent stake and an investment manager will acquire the remaining 40 per cent interest. The value of the CPP Investment Board’s investment will be $64 million. The total value of the property is $160 million.

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May Chong
Director, Communications
416-868-8657
mchong@cppib.ca

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